What is the probability of winning the jackpot

Assignment Help Basic Statistics
Reference no: EM13915030

Gambling Visit www.flalottery.com and answer the following questions about the Florida Lottery. Clearly explain how each of the following probabilities is computed.

1) What is the probability of winning the jackpot if you play the Florida Lotto?

2) What is the probability of winning the jackpot if you play Mega Millions?

3) What is the probability of winning the jackpot if you play Powerball?

Reference no: EM13915030

Questions Cloud

What is the financial break even quantity : A project has the following estimated data: price=$72 per unit; variable costs=$46 per unit; fixed costs=$21,000; required return=15 percent; initial investment =$42,000; life=six years. Ignoring the effect of taxes, what is the accounting break even..
Different countries giving presentations : As a manager for a large, multinational corporation, you travel around the world to different countries giving presentations and conducting meetings. You always try to include humor as an icebreaker. What potential barriers could you face when del..
Calculate cash conversion cycle : Christie Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Christie's 2012 sales (all on credit) were $179,000; its cost of goods sold is 80% of sales; Calcula..
Determine the amount of revenue rice would report : Rice Company performed services on account for $30,000 in 2013, its first year of operations. Rice collected $24,000 cash from accounts receivable during 2013 and the remaining $6,000 in cash during 2014.
What is the probability of winning the jackpot : Gambling Visit www.flalottery.com and answer the following questions about the Florida Lottery. Clearly explain how each of the following probabilities is computed. What is the probability of winning the jackpot if you play the Florida Lotto
Journalize the transactions : Journalize the transactions of janauray
Test scores and hours of preparation : The paired data below consists of test scores and hours of preparation for 5 randomly selected students. Use this data set to answer the questions below:
What are your put options worth : Suppose you purchase eight put contracts on Testaburger Co. The strike price is $35, and the premium is $2.20. If, at expiration, the stock is selling for $26 per share, what are your put options worth? What is your net profit?
The accounts for the first event are identified : For each of the following independent events, identify the account that would be debited and the account that would be credited. The accounts for the first event are identified as an example.

Reviews

Write a Review

Basic Statistics Questions & Answers

  You take a sample of 30 ut students in greek organizations

you want to know if amount of studying done by students in greek organizations sororities and fraternities differs from

  Random sample of five items from a recent shipment

Reynolds Electronics accepts a lot from a particular supplier if the defective components in the lot do not exceed 1%. Suppose a random sample of five items from a recent shipment is tested.

  Confidence-interval for the difference in proportions

Construct a 95 percent confidence interval for the difference in proportions for the two populations represented by these samples.

  Two points are randomly on a line of length 14 so as to be

two points are randomly on a line of length 14 so as to be on opposite sides of the midpoint of the line. in other

  The distribution of the sum of 100 independent identically

the distribution of the sum of 100 independent identically distributed random variables isa. approximately normalb.

  The following observations show the number of traffic

the following observations show the number of traffic violations given for speeding on the one interstate highway going

  According to chemical engineering progress nov 1990

according to chemical engineering progress nov. 1990 approximately 30 of all pipework failures in chemical plants are

  Find the line of best fit and graph it

Find the line of best fit and graph it on the scatterplot. State the equation of the line - State the slope of the line of best fit. Carefully interpret the meaning of the slope in a sentence or two

  Regression analysis-mutual fund data

We can use two products at my work, which are mutual funds and see if there is a correlation between the two. The two different funds are: a domestic stock mutual fund, which only invests in large organizations (large cap companies) based here in..

  The distributions of annual returns for both common stocks

suppose that the mean of the annual return for common stocks from 2000 to 2012 was 14.37 and the standard deviation of

  A student must answer 43 or more questions correctly to

a student must answer 43 or more questions correctly to obtain a grade of a. what percentage of the students who have

  Suppose that when a 70 earthquake hits it will destroy each

suppose that when a 7.0 earthquake hits it will destroy each highway independently with probability p 03. a town

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd